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Old 06-04-18, 10:31 AM   #28
Bilge_Rat
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Quote:
Originally Posted by Jimbuna View Post
Trump steel tariffs illegal, says UK's Liam Fox. So who gets to sort this mess out



http://www.bbc.co.uk/news/uk-politics-44341074
countries can file a complaint to the WTO or some other international agency and if they are right, they will eventually get some sort of favorable ruling in 3-5 years which the U.S. will ignore.

This is standard negotiating tactic for the U.S., it did not start with Trump.

Canada has had numerous trade fights with the U.S. over canadian lumber exports to the U.S. It always plays out the same, the U.S. will slap duties on canadian lumber, Canada will say it is illegal under NAFTA (which it is), Canada will obtain favorable rulings under the NAFTA tribunals, the U.S. will ignore the rulings and eventually Canada and the U.S. will work out a deal where Canada will pay a fine, agree to limit lumber exports for x years and the U.S. will lift the duties.

so yes, it is a shakedown. Trump will get what he wants since no country wants to lose access to the U.S. market.
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